An audio recording of President Barack Obama surfaced on social media Tuesday in which the president can be clearly heard telling a Loyola University audience in 1998 that he believes in the “redistribution” of wealth in America, something that his critics have long charged.

“I think the trick is figuring out how do we structure government systems that pool resources and hence facilitate some redistribution because I actually believe in redistribution — at least at a certain level to make sure that everybody’s got a shot,” Obama can be heard saying.

The audio file, which was posted on YouTube, purports to be from an Oct. 19, 1998 conference at Loyola University, where Obama, then an Illinois state senator, termed the substance of his speech policy research “for the working poor broadly defined.”